SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC.

121

whence

(113-2)

R_(¢)-R,

FT

+0

Wei

whence again from (111-6)

(113-3) R,(t)=/ Ro (2-0) © (£-0,0)e

so that it follows from (111-7) that

I13- = - €
ot)
=R 1-6
(
,0
-6
i(u
)
p(
“ja
t ado

The value C(#) of reproducible capital can be considered
as the total capitalized value of the factor inputs furnished prior
to instant # which will result in final output only during a
period (£+1, t+1+ dt) subsequent to: ”

Paretian optimum situation) it can be
valued at market prices will he

shown that total consumption

See below, equation (117-12).
1) ALLAIS (1947), Economy and Intere.

11] Allais - pag. 25